One of the decisions new entrepreneurs need to make is the legal structure for their business. Of course, this is something that requires guidance from your attorney and accountant because every situation is unique. However, before you talk to your service providers, it is helpful to consider some business issues associated with this decision. Content provided by Mitch Lairmore, Florida SBDC at USF business consultant For more, visit us online at http://SBDCTampaBay.com/resources or http://SBDCTampaBay.com/blog.

1. 6 QUESTIONS FOR ENTITY SELECTION
D O Y O U N E E D T O S A F E G U A R D Y O U R
P E R S O N A L A S S E T S F R O M C O M P A N Y
L I A B I L I T I E S ?
6
1
W H O I S G O I N G T O O W N
Y O U R C O M P A N Y ?
3
H O W D O Y O U W A N T T O D I S T R I B U T E
T H E P R O F I T S F R O M Y O U R C O M P A N Y ?
4
H O W O F T E N D O Y O U A N T I C I P A T E O W N E R S H I P
C H A N G E S I N Y O U R C O M P A N Y ?
5
W H A T I S Y O U R N E A R T E R M
E X I T S T R A T E G Y ?
S B D C T A M P A B A Y . C O M / R E S O U R C E S
6
The most appropriate structure for a new business depends
on a number of unique factors and business issues. A new
entrepreneur can make the best decision possible through
consideration of these six issues and getting advice from legal
and accounting professionals.
One of the decisions new entrepreneurs need to make is the
legal structure for their business. Of course, this is something
that requires guidance from your attorney and accountant
because every situation is unique. However, before you talk to
your service providers, it is helpful to consider some business
issues associated with this decision.
H O W M A N Y P E O P L E W I L L H A V E
O W N E R S H I P I N Y O U R C O M P A N Y ?
2